Short Interest in IM Cannabis Corp. (NASDAQ:IMCC) Decreases By 38.8%

IM Cannabis Corp. (NASDAQ:IMCC) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 4,900 shares, a decline of 38.8% from the February 28th total of 8,000 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 13,400 shares, the short-interest ratio is presently 0.4 days.

IM Cannabis Stock Down 17.9 %

NASDAQ:IMCC traded down $0.33 during trading hours on Monday, hitting $1.51. 21,375 shares of the stock traded hands, compared to its average volume of 90,449. The firm has a 50 day moving average price of $2.05 and a 200 day moving average price of $2.28. The firm has a market cap of $3.37 million, a price-to-earnings ratio of -0.44 and a beta of 1.03. IM Cannabis has a fifty-two week low of $1.52 and a fifty-two week high of $8.10. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 0.10.

About IM Cannabis

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.